That men representing the industry and the intellect of the country should have already taken so much interest in the scheme augurs well for the future of the institution.

His Highness asks me to take this opportunity publicly to acknowledge the expressions of warm gratitude which have reached him from all sides for the privilege of election granted last year." The Dewan then proceeded to make his statement of the Revenue and Expenditure of 1890-91, by which it appeared that the Revenue for that period--the largest ever realized by the State--was 145 lakhs of rupees, or, at par,[12] L1,450,000, and the account showed a surplus of 23 lakhs, or L230,000; but from this had to be deducted a sum for expenditure on new railways, which reduced the surplus, or rather, disposed of it to such an amount as to leave a balance of 12-1/2 lakhs, or L125,000.

The budget was then taken up in detail, and the Dewan showed in the most lucid manner the financial position as regards the various heads of receipts and expenditure, all of which I shall pass over except that relating to gold, which the reader will probably find interesting, for, as the Kanarese proverb says, "If gold is to be seen, even a corpse will open its mouth." There was, then, an increase in State receipts from gold mining dues to the extent of 37,000 rupees in the amount of royalty, while "Premia and deposits on leases" brought in 71,000 rupees.

The mines in the Kolar gold field during 1890 extracted 106,903 ounces of gold.

Three of them--the Mysore, Ooregum, and Nundydroog--showed a considerable increase in production over the previous year.